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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (32034)9/18/2008 3:13:04 PM
From: Don Earl  Read Replies (1) of 78670
 
RE: "maybe if DOW recovers"

An interesting historical note: None of the original DOW are in business today.

While a lot of money managers like to point to a chart and tell everyone about all the money they would have made by investing in the DOW in 1929, they neglect to mention that every single component of the DOW has been replaced many times over in the past 8 decades as the companies went bankrupt.

I'll toss out a rather bearish question:

If the essence of value investing is based on fundamentals, as denominated in US Dollars, is anything a good value when the fundamental value of currency on which it is based is poor?
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